Pharma BD Deal Intelligence

Hospira Inc. / Javelin Pharmaceuticals, Inc.

2010 · Acquisition/Merger · $145M · Complete

WRONG BY 46 POINTS

A $145M bet on a near-term pain-drug approval turned into a 4.5-year regulatory ordeal — Dyloject launched just as Hospira itself was swallowed by Pfizer, then was quietly discontinued

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The coverage arc

Apr 12, 2010 SEC EDGAR - Javelin Pharmaceuticals 8-K Exhibit 99.1 Bullish

Our Board of Directors, after consultation with our advisors, and in accordance with our merger agreement with MPI, has determined that Hospira's proposal is a…

Jun 22, 2010 GaBI Online Bullish

GaBI Online characterized the merger as a portfolio-fit acquisition leveraging Hospira's existing anesthesiologist call points for Precedex and noted…

Jul 01, 2010 SEC EDGAR - Hospira SC TO-T/A Exhibit (a)(5)(K) Neutral

Hospira announces successful completion of tender offer for shares of Javelin Pharmaceuticals; all validly tendered shares accepted for payment, with a…

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Hospira to acquire Javelin Pharmaceuticals for ~$145M, adding Dyloject IV pain product. Tender offer completed July 1, 2010.

Did it work? Outcome assessment

A $145M bet on a near-term pain-drug approval turned into a 4.5-year regulatory ordeal — Dyloject launched just as Hospira itself was swallowed by Pfizer, then was quietly discontinued

Strategic verdict
Failed to Achieve
Financial impact
Neutral
Pipeline outcome
Mixed

Key facts

Related deals — scored

DealYearValueOutcome
Hospira Inc. / Javelin Pharmaceuticals, Inc. (this deal)2010$145M25
Hospira Inc. / Abbott Hospital Products Division200454
Hospira Inc. / Orchid Chemicals & Pharmaceuticals (Generic Injectables Business)2010$400M23
Hospira Inc. / Orchid Chemicals & Pharmaceuticals Ltd. (API and R&D facilities)2012$200M22
Hospira Inc. / Orchid Chemicals & Pharmaceuticals Ltd. (Generic Injectables business)2009$400M22
Watson Pharmaceuticals (Actavis Inc.) / Actavis plc2012$5.9B97
Kohlberg Kravis Roberts & Co. / PRA International (Genstar Capital)2013$1.3B91

Compare all 7 side-by-side →

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